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Kinstellar advises MVM Group on the acquisition of a direct stake in two leading energy utility construction companies in Serbia

March 2022 – Kinstellar is proud to have advised MVM Group, one of the leading regional energy groups, on entering into a share purchase agreement with the Serbian Maneks Group in connection with the acquisition of a 33.4% stake in Energotehnika Južna Bačka and Elektromontaža Kraljevo, two leading Serbian utility construction companies.

The acquisition enhances MVM Group’s ability to increase its presence in Serbia and in the western Balkan region, in line with its regional expansion strategy.

The transaction is expected to close in the second quarter of 2022.

The Kinstellar team was led by Branislav Marić, Managing Partner of our Belgrade office, with the support of Andreja Vražalić and Nikola Stojiljković (Managing Associates) and Jelena Tripković, Tamara Zejak, Katarina Pavlović and Milan Radonić (Senior Associates) from the Kinstellar Belgrade team, with additional assistance by the Kinstellar Budapest team.

For more information please contact Branislav Marić, Managing Partner, Belgrade, at .

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